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We help West Australians salary sacrifice their way to a new car

Want to save on your next car using your pre-tax income? Well now you can. We’re Fleet Network and we’re proud to be WA born and bread. We help Perth locals and people right across Western Australia leverage the power of salary sacrificing to secure a new car.

What is Salary Packaging?

Salary packaging, also known as salary sacrificing, can save you thousands by making payments from your pre-tax earnings. When payments are made before tax, it can help to reduce your taxable income, which increases your take home pay and helps you pay less overall tax. Depending on your salary, the financial benefits from salary packaging can be significant.

While we specalise in salary sacrificing cars in Perth & WA, salary packaging isn’t just limited to novated car leases, it can be applied to a range of other expenses and services too – it just depends on your employer.

In Western Australia, salary packaging can be applied to cars, home loan repayments, rent, super utilities and even meals and entertainment.

Examples of Car Salary Packaging in WA

To give you a better idea of how this works, we have put together two real life examples of how salary sacrificing compares to personal financing for a new car.

While there is no minimum number of kilometers that you have to travel in order to make significant savings, for the purposes of these examples we have we have estimated 15,000km over a 5-year novated lease – this represents an ‘average’ package.

Note: We can also provide savings and salary packaging figures specific to your needs, give us a call on 1300 738 601.

 

 

 

  • Example 1 - MITSUBISHI PAJERO $80,000 Salary
    Mark – WA Police Officer

    Mark is a 26 year-old WA police officer, employed full time, earning $80,000 a year. He has a Mitsubishi Pajero Sport GLX. He is leasing for five years, at 15,000km/yr. Mark saved $12,819 off the purchase price through our national fleet discounts. He is $2,770 per annum better off.

    Novated Benefit
     Not Packaging Salary Packaging
    Annual Salary (Pre-tax)$80,000$80,000
    Less motor vehicle$0$6,847
    Less FBT$0$0
    Less GST on employee contribution$0$697
    Add input tax credits$0$1,320
    Taxable Salary$80,000$73,776
    Tax (inc Medicare)$19,147$17,000
    Net salary pre-employee contribution$60,853$56,776
    Employee contribution (vehicle)$14,515$7,668
    New cash salary (after input tax credits)$46,338$49,108
    Net packaging benefit per year*$2,770
    Novated Advantage$13,849


    *Please note: Calculations are based on recommended retail prices of vehicles and do not include national fleet discounts. Budgeted running costs are estimates only and will vary according to driving conditions, location, price of fuel and distance travelled. Our consultants are happy to provide accurate quotations specific to your vehicle requirements.

  • Example 2 - TOYOTA COROLLA $80,000 Salary
    Sarah – WA Teacher

    Sarah is a 32 year-old WA teacher, employed full time, earning $80,000 a year. She has a Toyota Corolla Ascent Sport Hatchback. She is leasing for five years, at 15,000km/yr. Sarah saved $2,614 off the purchase price through our national fleet discounts. She is $2,217 per annum better off.

    Novated Benefit
     Not Packaging Salary Packaging
    Annual Salary (Pre-tax)$80,000$80,000
    Less motor vehicle$0$5,480
    Less FBT$0$0
    Less GST on employee contribution$0$467
    Add input tax credits$0$966
    Taxable Salary$80,000$75,018
    Tax (inc Medicare)$19,147$17,428
    Net salary pre-employee contribution$60,853$57,590
    Employee contribution (vehicle)$10,620$5,140
    New cash salary (after input tax credits)$50,233$52,450
    Net packaging benefit per year*$2,217
    Novated Advantage$11,085


    *Please note: Calculations are based on recommended retail prices of vehicles and do not include national fleet discounts. Budgeted running costs are estimates only and will vary according to driving conditions, location, price of fuel and distance travelled. Our consultants are happy to provide accurate quotations specific to your vehicle requirements.

Helping West Australians For More than 20 Years

For over 20 years we have been helping Western Australian employees save on their next new or used car through salary sacrifice and novated leasing. Our service is personal. We’re fast, flexible and we don’t use call centres – call us and you’ll speak directly to our experts. We even offer a convenient trade-in service for our local customers in Perth.

We’ve got a few brand promises you can count on too:

  • We always respond to client enquiries within four business hours
  • We always deliver personalised communication through every step of the process and beyond

Ready to maximise your tax savings through salary packaging?

Let us help you maximise your pre-tax income with a novated lease via salary sacrifice.

We have an experienced Business Development Manager based in WA who is available to assist West Australians with all their salary sacrifice and novated lease queries. Contact us today to book your obligation-free workplace visit to learn more.

Ready for the car of your dreams?

More questions?

Check out our Novated Leasing FAQs or give us a call.

We’re real, friendly people and we’re here to help.

We are dedicated to getting you the best result on your novated car lease.